Covering Potash Stocks, Agri Trends, Options and World Demand.
Covering Potash Stocks, Agri Trends, Options and World Demand.
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Potash inventories in North America declined by over 8.5% in August, falling 304,000 tonnes, steadying at just a shade above 3 million tonnes. Inventory levels are still 150% above five-year averages but this is to be expected when considering the Potash boom hit only two years ago.
Potash Corp announced earnings of $1.02 for the first quarter in last nights earning conference call. This is down from $1.72 in last years first quarter. The $1.02 mark includes a 55 cent tax adjustment, making real earnings 47 cents per share. The street was expecting 85. Potash Corp cut their 2009 full year earnings [...]
POT is cutting production by 1.5 million tonnes In a press release 940 jobs are to be affected. The “affected” include temporary layoffs and shift curtailments. Shares have risen off of this news to the tune of 3%+ The reasoning for this production decline is self-evident when taking into account the current economic climate. Farming [...]
The writers over at Seeking Alpha presented an interesting article on March 11th about the upcoming fertilizer (namely Potash) trading market. A few of the interesting points are; … farmers typically have a large stockpile of potash on hand, and not buying on a regular basis causes them to use up what they have The [...]
I’ll be perfectly honest here. It’s been difficult to find many (hell, even a few) things to be positive about on the Potash front. This past week, depending on how one looks at things, could be one of the few positive signs that we’ve seen over the past six months or so. Sure, all of [...]